We develop theoretical underpinnings of pairwise random matching processes. We formalize the mechanics of matching, and study the links between properties of the different processes and trade frictions. A particular emphasis is placed on providing a mapping between matching technologies and informational constraints.
Aliprantis, C.D., G. Camera and D. Puzzello (2007). A random matching theory. Games and Economic Behavior 59, 1–16. doi: 10.1016/j.geb.2006.08.001
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